Option reading index is (-) 2.34 shows rise from last trading day figure indicative of buying support. Expecting Nifty touching two standard deviation range. Also see below notes on Ichimoku Charts.
On Ichi short param charts, Tenkensen / Kijunsen cross - weak. Trend change can be expected from Monday (Dec 06,2010) as indicated by clouds crossover. Span A Line is trending upwards indicating possible bullish clouds crossover from Dec 27, 2010. Trend change may be either range bound time correction or deep price correction.
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